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The following information applies to the questions displayed below.J During the year, Trombley Incorporated has the following inventory transactions. Number of Units 29 34 39

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The following information applies to the questions displayed below.J During the year, Trombley Incorporated has the following inventory transactions. Number of Units 29 34 39 39 Unit Cost Date Jan. 1 Mar. 4 Jun. 9 Nov. 11 Transaction Beginning inventory Purchase Purchase Purchase 30 29 27 Total Cost 899 1,020 ,131 ,053 141 4103 For the entire year, the company sells 110 units of Inventory for $39 each. References Section Break Exercise 6-5 Calculate Inventory amounts when costs are declining (LO6-3) Required information 0.25 points Exercise 6-5 Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit

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